With all of the home renovation and fixer-upper shows on television, the idea of completely renovating and re-doing an old home can seem like an enticing premise. Unfortunately, investing in the wrong fixer-upper can mean an awful lot of expenditure without the added financial rewards. Whether you’re considering investing down the road or are ready to dive in, here are a few things to consider first.
How Much Do You Want To Spend?
It’s easy to be swept away by possibility, but before making an offer you’ll need to sit down and determine exactly what you’re willing to invest into upgrades for your fixer-upper. By deciding what you would want to renovate, what the cost of materials and labor would be and how this figures into the market price of the home, you’ll be able to determine if the price you’re offering will be worth it.
Are Major Repairs Required?
It’s one thing to consider a nice paint job and new tiling in the kitchen, but if there are serious issues with the home, it can create huge financial issues to put money into it. Because foundational issues or water damage throughout the home can be expensive items to repair and will take time and resources, fixing these issues may cost more than the money you’ll make. If you’re uncertain about what you’re getting into, it may be a wise decision to bypass the investment all together.
Are You Willing To Work?
Most home fixer-uppers that people buy can be financially lucrative because the buyer is interested in doing a lot of the work themselves. However, if you’re thinking of hiring people to do the work for you, this can end up costing a lot more money and eating any profits the renovations might have created. It’s also important to realize that renovations can go over budget. Instead of being idealistic about a fixer-upper, ensure you’re certain it’s what you really want so that you’re not stuck with a home you don’t want to invest your efforts into.
The idea of digging in and getting your hands dirty with purchasing a fixer-upper may be endearing, but if you’re not truly prepared for the responsibilities it can be a drain on your time and your finances. If you’re currently considering purchasing a home, investment, fixer-upper or your dream home, give me a call – J.P. Cook – 602-320-4253.
What’s Your Home Worth?
Search for Your New Home
11430 N 37th Avenue Phoenix, AZ 85029
New
$515,000
4
Beds
2
Baths
1,962
SqFt
Status
Active
MLS #
6692489
Property Type
Single Family Residence
Price Type
--
This stunning 5-bed, 3-bath furnished rental home awaits in a prime Phoenix locale. Step into a charming front yard, with a 2-car garage and extended driveway. Inside, revel in a formal living room, recessed lighting, designer paint, and wood flooring throughout common areas. The kitchen boasts SS appliances, quartz counters, subway tile backsplash, and white shaker cabinets. Two main bedrooms feature walk-in closets and luxurious ensuites with tiled showers. Outside, a paver-covered patio and fenced pool beckon, along with a side yard boasting a stacked-stone fireplace and built-in BBQ grill. Don't miss this gem!
12770 W Burnside Trail Peoria, AZ 85383
New
$515,000
3
Beds
2
Baths
1,841
SqFt
Status
Active
MLS #
6691239
Property Type
Single Family Residence
Price Type
--
Gorgeous 3 bedroom 2 bath house in Vistancia w/ over $61K in builder options and extras! Ring spotlight HD security camera with built in two-way talk and siren alarm with solar panel. Paved driveway leads towards a custom security door with a wide entry and plank tile throughout. First bedroom and bathroom are near entrance. Open-concept kitchen & family room are perfect for entertaining. Gourmet kitchen features chandelier crystal pendant lighting on a dimmer switch to set the mood. Craft amazing meals on the large island with a five-burner gas cooktop. Spacious staggered cabinets with LED lighting. Micro/oven combo, deep sink, tasteful granite counters and a GE Profile Top Control tall tub dishwasher with stainless steel tub and steam prewash. Stainless steel fridge stays with the home. Hunter Douglas remote control kitchen window blinds to adjust your lighting. Enjoy dinner under the fancy Artika DRGL celebrity drum chandelier on a dimmer switch. Want to make movie night amazing? Enjoy premium sound with built-in ceiling speakers for a true 5.1 surround sound and subwoofer, experience! The guest bathroom features an Inca 32 wide 4-light bronze crystal LED vanity light with custom frame around the bathroom mirror. Plenty of room for family or guests w/ 2 large spare bedrooms. Set up your workstation or play area in the large den. Yes, you can control your home temperature from outside the home with the Honeywell smart thermostat. Spacious owner's suite bathroom features double high sinks & large walk-in rain shower. Inca 23 polished chrome crystal drum flush mount lighting with custom frame on the bathroom mirror. Deep walk-in closet with custom lighting. Go outside and sit under the porch with guests and catch mountain views. Very high backyard fence for total privacy. Garage has mounted storage racks and offers a side door access to the backyard. The Vistancia community offers community centers, two community pools, two golf courses, pickelball and tennis courts. Explore the Discovery hiking trails, and numerous other luxury amenities. Top rated schools, close to Lake Pleasant, & the Peoria Sports Complex. Come see this amazing home today!
1914 N 140th Avenue Goodyear, AZ 85395
$515,000
3
Beds
2.5
Baths
1,983
SqFt
Status
Active
MLS #
6691426
Property Type
Single Family Residence
Price Type
--
Modern, energy-efficient, like-new 1 level home, 3 bedrooms, 3 bathrooms (2.5), 2 car garage. 2021 build with over $50K in builder upgrades. located 1 mile north of i10, in the exclusive gated community of 'The Vistas At Palm Valley' and inside the acclaimed A+ school district of Millennium High & Great Hearts Charter Schools This energy-efficient, open floor plan home is built around an incredible kitchen & amazing island overlooking dining & great rooms. With 2 sets of sliding glass doors there's an abundance of natural light for a bright, cheery feeling and direct access to your private cover patio! Located next to 'The Vistas' private pool & grilling area, this home has one of the best lot locations in The Vistas! This is a must see home!
14247 N Ashbrook Drive Fountain Hills, AZ 85268
New
$515,000
3
Beds
2
Baths
1,643
SqFt
Status
Active
MLS #
6692186
Property Type
Twin Home
Price Type
--
LISTED UNDER APPRAISED VALUE!!! 3 bedroom, 2 bath Gemini twin home in Fountain Hills offers a delightful blend of comfort, functionality, and modern amenities, all while exuding the charm of a single-family residence. This layout offers the benefits of community living while still maintaining a sense of privacy and independence. The primary bedroom features an ensuite bathroom, boasting a spacious walk-in shower and double sinks, providing a luxurious and convenient retreat. The home boasts new AC and newer kitchen appliances, ensuring energy efficiency and reliability. The kitchen stands out with its granite countertops, providing a sleek and stylish workspace for culinary endeavors.The absence of carpet and the presence of tile and laminate flooring throughout the home offer durability easy maintenance, and a clean, modern aesthetic. Being adjacent to a wash adds to the natural charm of the surroundings, providing a serene backdrop and enhancing the sense of tranquility. With its clean and well-maintained condition, this home is ready for immediate occupancy!!
241 N 167th Lane Goodyear, AZ 85338
New
$515,000
4
Beds
2.5
Baths
2,155
SqFt
Status
Active
MLS #
6692905
Property Type
Single Family Residence
Price Type
--
Packed with thousands of dollars in upgrades, it's priced well below the cost of new homes in the area. This rare 3 or 4-bedroom, 3-bathroom home boasts an amazing pool, perfect for entertaining in the spacious backyard. Inside, enjoy the open floor plan with beautiful tile flooring. The chef's dream kitchen features granite countertops, stainless appliances, upgraded cabinets, and custom lighting. There's even a walk-in pantry. The master suite is a luxurious retreat, featuring a large bathroom with dual sinks, a separate tub and shower, and an oversized walk-in closet. Two additional bedrooms offer ample space, while a den with a door can easily be converted into a fourth bedroom. High ceilings create a sense of airiness, and extended garage.
3802 S Eucalyptus Place Chandler, AZ 85286
$515,000
3
Beds
2
Baths
1,667
SqFt
Status
Active
MLS #
6679919
Property Type
Single Family Residence
Price Type
--
Great split floor plan, single story! Come check out this beautiful 3 bed/2bath home in Chandler. Home is tucked away in a cul-de-sac of the fantastic Redwood Estates.
5634 S Outrigger Road Tempe, AZ 85283
New
$515,000
4
Beds
2
Baths
2,310
SqFt
Status
Active
MLS #
6694099
Property Type
Single Family Residence
Price Type
--
Unlock the potential of this 4-bed, 3-bath two-story block construction home, ideal for savvy investors. Though it needs some TLC, its prime location in a community boasting fishing, boating, and courts for racquetball, tennis, volleyball, and basketball adds incredible value. Enjoy amenities like an Olympic heated pool, spa, fitness center, and scenic paths. Situated just over three miles from ASU University and with easy access to major highways like US 60, Loop 101, Loop 202, and the I-10, this property promises a lucrative investment opportunity ripe for transformation.
8324 W Maryland Avenue Glendale, AZ 85305
$515,000
3
Beds
2
Baths
2,088
SqFt
Status
Active
MLS #
6691560
Property Type
Single Family Residence
Price Type
--
Don't miss the opportunity to own this updated single story home, just 2 miles to Westgate Entertainment District & State Farm Stadium. This 3 bed/2 bath split floorplan home is just under 2100sf, sits on a 7800sf corner lot, has a 3CG & no HOA. Freshly painted inside/outside & updated in '23. Formal dining room (currently being used as a bedroom), living room with custom oak built ins. Kitchen overlooks family room, features quartz countertops, SS appliances, walk in pantry & breakfast bar. Primary bedroom offers a spacious bathroom, stone shower, Jacuzzi tub, quartz countertops, updated mirrors & fixtures. 2nd bathroom with a walk in shower, quartz countertops, updated mirror & fixtures. 2023 washer and dryer convey. Low maintenance desert landscaping in the front with a beautiful Orchid tree, while the backyard has a covered patio, storage shed, grassy area, beautiful blooming trees (Jacaranda, Orchid, Thevita), roses and just enough plants for gardening. This home qualifies for the Community Reinvestment Act (CRA) for loan financing!
10282 E Trailhead Court Gold Canyon, AZ 85118
New
$515,000
3
Beds
2
Baths
1,737
SqFt
Status
Active
MLS #
6694132
Property Type
Single Family Residence
Price Type
--
Welcome to gated Peralta Trails located on the famous Peralta Trail! This home has a great open floor-plan, NEW ROOF, new ext. paint, updated kitchen with lots of cabinets (soft closing), granite counters, $8k worth of newer appliances, vaulted ceilings, skylights to brighten it up, the same tile flooring throughout the home, remodeled guest bathroom, plantation shutters, garage cabinets, and much more! Once you step outside to the backyard you see the huge travertine paver patio areas with a Alumiwood pergola for extra shade sitting area off the covered patio and just steps away from the hot tub! Without a house backing up to the back wall you get extra privacy and have Superstition Mountain Views! Just down Peralta Road is access to unlimited hiking, mountain biking, & off road trails!
10219 E Superstition Range Road Gold Canyon, AZ 85118
$515,000
3
Beds
2
Baths
2,122
SqFt
Status
Active
MLS #
6606685
Property Type
Single Family Residence
Price Type
--
NO SHORT TERM RENTAL RESTRICTIONS!! Priced to sell BELOW MARKET value! This home embodied elegance and modern sophistication. Built with meticulous attention to detail, it promises longevity and efficiency with premium 2X6 construction. Located in the heart of Gold Canyon, it offers a mix of privacy, serenity, and stunning beauty. Stepping outside, you'll find a private sanctuary designed like a high-end resort. The backyard features a covered patio, state-of-the-art built-in BBQ, and detailed stamped concrete and travertine tile. Lush turf, elevated patio areas, and breathtaking mountain vistas create an entertainer's dream. Inside, the open floor plan has 22'' porcelain tiles, eliminating the need for carpets. The gourmet kitchen includes a gas cooktop, exotic granite counters a stylish tile backsplash, and a commodious counter-height island and a brand new Kinetico whole house water system (over $10,000!). The rich 42 solid maple cabinets, enhanced with rollout shelves, and state-of-the-art stainless steel appliances, add to the culinary experience. Meanwhile, the ambient recessed lighting sets the perfect mood for a cozy dinner or a grand feast. Master Suite Retreat: The expansive master suite is designed for both relaxation and functionality. With its contemporary quartz counters, spacious walk-in closet, and a luxuriously appointed bathroom featuring a separate tub and shower, every day feels like a spa day. And for those who require additional storage or a workspace, the custom stone creek Murphy bed & built-in shelving provide ample versatility. Additional Features: Recent upgrades amplify the home's appeal - a brand new roof was installed in 2020, and a fresh coat of paint brightens both the exterior & garage as of 2021. As you approach the home, you're greeted by a generously sized front courtyard that exudes warmth and welcome. New solar installed 12-2022 with LOW assumable payments at 0% interest! SAVE SAVE SAVE!!
16286 W Scarlet Canyon Drive Surprise, AZ 85374
$515,000
2
Beds
2
Baths
2,035
SqFt
Status
Active
MLS #
6599560
Property Type
Single Family Residence
Price Type
--
This recently upgraded gem boasts new lustrous vinyl flooring that adds a touch of modern elegance to the interiors. The entire space has been thoughtfully painted, creating a fresh and inviting atmosphere throughout. Prepare to be amazed by the brand-new white cabinets gracing both the kitchen and bathrooms. These cabinets not only offer ample storage but also lend a clean and sophisticated look to the living spaces. The countertops have been upgraded to luxurious quartz, adding a touch of class and durability to your living experience. With an office included in the layout, this home caters to the needs of remote work or a quiet study space, providing the perfect blend of comfort and functionality. As part of a wonderful community, you'll have access to a golf course that is sure to delight golf enthusiasts. Imagine leisurely rounds of golf against the backdrop of the stunning Arizona landscape. Experience modern living combined with tasteful design in a community that offers both convenience and recreational amenities!
16375 W Windcrest Drive Surprise, AZ 85374
$515,000
2
Beds
2
Baths
2,035
SqFt
Status
Active
MLS #
6599509
Property Type
Single Family Residence
Price Type
--
This remarkable home has undergone a stunning remodel that is sure to impress. Step inside and be greeted by the elegance of new vinyl floors that seamlessly flow throughout the space. The kitchen has been beautifully updated with white cabinets that provide ample storage while creating a bright and inviting atmosphere. The countertops in both the kitchen and bathrooms have been upgraded to sleek Quartz, adding a touch of luxury to your everyday life. In addition to the impressive interior, this home boasts an office space, allowing you to effortlessly manage your professional and personal tasks from the comfort of your own home. What sets this home apart is its incredible community that features a golf course. Golf enthusiasts and nature lovers alike will find solace in this unique setting. Convenience, elegance, and a touch of luxury define this exceptional property!